Forecast Of The Day: Booking Holdings’ Agency Gross Bookings
What?
Trefis expects Booking Holdings’ (NASDAQ:BKNG) Agency Gross Bookings – which are bookings derived from travel-related transactions where the company does not facilitate payments for the services provided – to rise from $24.5 billion in 2020 to $33 billion in 2021 and to over $50 billion in 2022.
Why?
- With The Stock Up 5% This Year, Will Q2 Results Drive Booking Stock Higher?
- With The Stock Flat This Year, Will Q1 Results Drive Booking Holdings’ Stock Higher?
- What To Expect From Booking Holdings’ Q4 After Stock Up A Strong 84% Since 2023?
- Up 36% This Year, Will Booking Holdings’ Stock Rally Further Following Q3 Results?
- Booking Holdings Stock is Up 40%. Can It Rise Further?
- Will Booking Holdings Stock Trade Lower Post Q2?
While the metric declined sharply in 2020, due to the Covid-19 lockdowns, we expect it to pick up from 2021 onwards as vaccination rates improve and as travel restrictions are eased.
So What?
We think the ongoing recovery isn’t fully priced into Booking stock just yet. We value Booking Holdings at about $2,450 per share, marking an upside of 15% over the current market price.
See Our Complete Analysis For Booking Holdings
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